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. it was a couple of days' ride from monticello to washington. he stopped at an inn and falls into a conversation with a fellow guest and they have a lovely, wide ranging discussion the next morning the other guest mr. jefferson is up and out and the other guest had never called his name and he said to the inn keeper who was that and he said who did you think it was? for a while and you knew so much about medicine i thought he was a doctor. then we talked about theology and he seemed as though he might be a priest though a shaky one. i thought he could have been certainly a farmer because of everything he knew and he said i thought you knew mr. jefferson. he was a master of so many different worlds and he was indefinitely curious at the time when human curiosity and the ability to lead us to our own destiny to fulfil in many ways our greatest potentials to discover, to explore was new in the world and this was the enlightened era. they had been a day before yesterday. for the first time ever, priestley and princely authority was in the dhaka, and jefferson was there to reap the harvest of the shi
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
's foreign relations and what's next for president morrissey. washington redskins -- ♪ host: is this sunday, december 16, 2012. the flag over the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfor
. molly is live in washington with the latest. hi, molly. >> hi, rick. he is a leader in the terror world. he is ambitious and very dangerous and now egyptian authorities aided by u.s. intelligence have him. officials have been tracking him for months according to the "wall street journal" and interest intensified after followers participated in the attack in benghazi, libya. he was captured in the past week or so, but we don't have details yet on how he was detained. u.s.ish ifs have not been able to interrogate him yet. here is what we know. ahmad is a former egyptian jihad member. he was released from a prison in march of 2011. he is the leader of the jamal network and has been setting up terror training camps in libya and egypt with some financial help from al-qaeda and yemen. and he was trying to set up al-qaeda in egypt. meanwhile secretary of state hillary clinton will be testifying on the benghazi uhing tay. a review board investigating the attack should be completed soon and secretary clinton will testify after that. >> i have been in conversations with the department of state. t
- mails and tweets. "washington journal" is next. host: good morning, it's wednesday, december 19, 2012. the white house has thrown its support behind several gun- control measures on tuesday in the wake of the shooting rampage in newtown, connecticut. a state department inquiry into the september 11 terror attack in benghazi, libya, criticized the agency harshly for inadequate security that -- but specificrecommend signi individuals. and we begin today in on the details of john boehner's plan to avoid the fiscal cliff. we want to hear from you. how optimistic are you that a compromise can still be reached before the end of the year? give us a call -- and you can get up with us on all your social media web sites on facebook and twitter, or e- mail us. a very good morning to you. i want to take you to the lead story in today's washington post. that was today's washington post. here's the headlines from "politico" today. i want to take you to speaker john boehner's comments on the state of the current negotiations and his plan b. [video clip] >> what the white house offered yesterday was
to washington. >> we need to make difficult decisions. often we have conversations about how to create enough revenue to solve the problem. i learned early in my 20s if you have a problem with spending there's not enough revenue to make up for it. we have a spending problem, ladies and gentlemen in america. knotted a revenue -- not a revenue problem. >> he expects to be sworn in on january 3rdrd. once scott give >> thank you. a quick programming note both senate tim scott and nikki haley will join greta van susteren on tonight's on the record at 10:00 p.m. eastern. why secretary of state clinton is not testifying about benghazi this week. it says politics makes strange bed fellows. case in point energy exports next. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fo
will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican s
goldfarb to take questions about text extenders at 8:30 eastern. "washington journal" is next. ♪ host: we will spend about two hours this morning on the "washington journal" talking about the fiscal cliff. we want to start off hearing from you on a different topic. what do you think about hillary clinton's future and her running for president in 2016? that is our question this morning on the "washington journal." you can start dialing in now, or you can contact us via social media. you can make a comment on our facebook page. you can also send us an e-mail. from "the hill" newspaper yesterday -- a new poll by abc news and "the washington post." 57% say they support a presidential bid from every clinton in 2016. -- from hillary clinton in 2016. 68% approved of her work as secretary of state. 66% hold a favorable view of clinton after her department has faced criticism over the handling of benghazi and libya. clinton also has heavy support in new york were 54% of registered voters say they would support a presidential bid by her in 2016. that is an "the hill" newspaper. we hav
, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg aboutssage about the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 most
'm not going to say it. >> you are in our hearts. you can tell us what's going on in washington. what's going on in washington? >> bad dynamics. >> really? >> those of us optimistic there'd be a deal. the white house has blasted boehner's offer as much as the republicans blasted the president's. people like to say, oh, they're going to posture, but behind the scenes they're working it out. they're not. >> i hear chuck todd reported yesterday behind the scenes a top aide to barack obama, willie geist. and this -- i don't -- i'm not really good at reading the tea leaves. maybe this is good, maybe this is bad. but a top obama aide yesterday told chuck todd that if the republicans -- if these republicans were in power when abraham lincoln were there, there would still be slavery. does that help the process move along? or does it hurt? i don't really know -- >> reading between the lines. >> i know one direction, i know boy bands. >> reading between the lines, that's probably a bad omen. we do have four weeks, though. >> that's bad. >> absolutely. we have, i believe, we have 27 negotiating days. un
that reflects conservative ideas. match that with the researchers in washington that to the policy work for heritage. connell: i think a lot of people will hear or read about this today and think about the conversation we have been having about the future of the republican party. does the tea party still have, you know, lindsey graham just put a statement out saying he is very disappointed that demint is leaving. the conservative movement lost a strong voice. he will do a great job at heritage. is this part of that story? >> i think senator demint believes that the republican message going into the election was a strong one. it just simply was not well articulated. i agree with senator demint. i do not believe that the republican party has to transform its position and become more moderate. take an idea like economic growth. the difference between 2% growth and 3.5% is a different like night and day. senator demint told me he started his career as a market researcher and advertising. he knows how to communicate with people. he became very frustrated sitting in the senate failing to do a
understanding. yeah, right. not in washington. >> i won't play that game. >> we can't negotiate with ourselves. >> it is me. >> number three, bob costas. did he cross the line? number five, the most outrageous royal prank ever. >> hello there. could i please speak to kate please, my granddaughter? >> this is piers morgan tonight. good evening. our big story tonight from what every one is talking about. washington's high-stakes game of "let's make a deal," to the royal prank called heard around the world. to bob costas talking about guns. and this shocking new york subway photograph. reports of chemical weapons in syria. let's get started with what promises to be a lively discussion. abbe huntsman, and a host of huff posts live. and welcome to you all. let's start with guns and the fallout of the murder and suicide of jovan bellcher and his girlfriend. bob costas of nbc spoke out about this. let's watch what he said tonight. >> i believe that there should be more comprehensive and effective controls on the sale of guns. roughly 40% of the guns purchased in this country do not require a backgrou
executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we could probably solve this in about one week. it is not that tough. >> new details have been revealed in the retail giant kermit factory where 120 dacre workers died in a fire last month. "the new york times" is reporting that wal-mart played a key role in blocking the improvement of safety features at the bangladeshi factory. one representative helped quash a proposal that would help to improve safety investments, calling them not financially feasible. documents found at the fire scene also show five of the factory's 14
host: the two-hour washington journal this morning. the house and is in at 9:00. open telephones for any public policy issue you would like to discuss. you can see the numbers on your screen. you can also contact us on twitter, facebook, or by e-mail. you can see the addresses on your screen. let's start with an update on the so called "fiscal cliff." this is the washington post -- in a side arbucarticle -- that the washington post report on the fiscal cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on joh
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
in and year out that washington doesn't get deals done. you are thinking what is wrong with american politicians? why can't they get around the table and negotiate properly? >> nobody cares about the future of america. here we have america urging the israe israelis to negotiate except us in washington. our parties are so extreme. >> i think the moral is set so low right now on both sides. the country is so divided. we are the one that is are going to be handed down the $16 trillion deficit. it is hard for this to play out. they will come to some sort of a deal. you are going to see them come to a deal. you are going to see them with something sort of like the simpson bowles. >> pam has sent it to the public. that if it goes over the fiscal cliff republicans are prepared to make the middle class pay more tax paying more. and that is a very bad position for the republicans to find themselves in isn't it? >> sit a very bad position for them to find themselves in. the fact of the matter is, it isn't true. the taxes on the wealthiest americans, it doesn't address the core problems. the $1
>>> from nbc news in washington, the world's longest running news program. this is "meet the press." >> that's one of our key jobs, helping to restore american faith, what the stock market is all about. i have a certain vision for what this country is going to be for my kids. that gives me purpose. >> optimistic yesterday, but we don't yet see an agreement. now the pressure is on congress to produce. if they don't, what i've said is that in the senate, we should go ahead and introduce legislation that would make sure middle class taxes stay where they are and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. but i actually think there's a majority support for making sure the middle class families are held harmless. >> if you go over to cliff, what's the impact on the markets which have been pretty confident now it would get done? >> it's hard to speculate on the market, but obviously, i think business and investors will feel more negative about the economy next year. if you look at projections of 2013,
will call the roll. quorum call: is en mr. president? the presiding officer: the senator from washington. ms. cantwell: i ask the quorum call be dispensed with. the presiding officer: without objection. ms. cantwell: i rise to say what as important day it is for the u.s. coast guard. our communities who benefit from those services, the men and women who answer the call to serve. the reason i say that is because we have passed a bill that gives 40,000 active-duty coast guard members the support they need. it is a worthy tribute to a force of men and women that in 2000 alone helped us save over 3,800 lives across the u.s., confiscated over 166,000 pounds of cocaine and secured over 472 vessels before they arrived at our ports. this legislation will give the coast guard the funds that it needs to upgrade equipment and purchase the right vessels for carrying out every mission that they need. this kind of work exemplifies the heroes like chief petty officer terrell horn of california. officer horn died in the line of duty last week while tracing drug smugglers off the coast of california. our tho
, a reporter described where we are right now as a situation of washington post own making. -- washington's own making. how did we get where we are right now? >> on the revenue side, you go back to the bush years. when they passed the bush tax cuts, for various procedural reasons, they wanted to shoehorn as much tax-cutting as they could into a 10-year period. because of the rules, they really went overboard, did much more in the way of tax cutting and we could afford. it was very apparent at the time that they did it. they sun-setted it all after 10 years. the same is true with the so- called sequester. across-the-board cuts of $1.20 trillion, focused on domestic spending, was put in place to try to provide leverage to the special committee that if it did not reach agreement, the sequester would drop and do something that nobody favors, an across-the-board cut. no distinctions, no prioritize nation. just to cut across the board. -- prioritization. just to cut across the board. >> going back to the bush years, what is congress's role in this? >> i vigorously and energetically opposed it. i said
negotiations between capitol hill and the white house. from today's washington journal, this is about an hour. fiscal cliff. joining us here is stan collender and douglas holtz- eaken. what is happening? what are the two talking about. guest: the nature of the tax increases, how much, and on the other side, what kind of entitlement reforms as the president willing to offer? that has been going back and forth for quite awhile now. there are talking about the same basic issues. host: one of the shore signs of action in washington, we have heard there is a possibility that they could come back after christmas. guest: i have been telling clients since september we were going over the cliff. i was not sure there was a sign it or coming back before christmas. this last-minute deal of some time, it could easily be approved -- the house and senate do not need to be here for this because it will not be the big, big deal. this is not the grand compromise they are talking about here there is not enough support to do the technical things. this could be a simple package they do at the last minute. host: e
on the job. peter doocy is live for us from washington with more on this. hi, peter. >> reporter: heather, the state's department's accountability review board singled out these four people for doing their jobs poorly ahead of the benghazi terror attack on 9/11 the state department told us last week they were all either gone or demoted. this is direct quote from spokeswoman victoria knew land. secretary clinton accepted eric boss equal's decision to resign as effective up immediately. the other three individuals have been relieved of their current duties. all four individuals have been placed on administrative leave pending further action. the "new york post" is reporting those folks are still on the state department payroll. eric boswell who they said resigned did not resign and all four will be back to work before too long. >> they just shifted the deck chairs and they want to make the american people believe that the state department has held people accountable for their lack of security and sending help to four brave americans. this is incredibly inept of the state department to think
. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean streets of d.c. >> yes. he was so cagey. >> he was. >> yes. yes. >> you can't ever ask those guys what they're doing, wherever they are. where you going? with who? a meeting. >> auditioning for a gang is what i'm doing. >> right. >> yes, exactly. lots of luck with that one. >> should we get to the news? >> fantastic. boy, there's some stories here, unbelievable. >> in the least. >> you talk about libya. i tell you what, you've got assad about to cross that red line. he's going to see russia leaving quick. i think you'll see even troops going in there if he starts using chemical weapons against his own people. about to cross the line. egypt, morsi in trouble. the biggest revolt since mubarak was pushed out of power. "the new york times" also has another fascinating story. john boehner gained strong backing of the house gop. they actually say that the speaker's more powerful today than he has been since he became speaker two years ago. >>
in washington on congress and on the hill to make sure that people don't go through all of this because it is an extraordinary development and could mean a lot of people very much suffering because of it. thank you, christine. appreciate it. the bottom line, taxes could go up in the next 12 hours. everybody watching negotiations in washington, they want a deal. people want a deal. we're not talking about just here in the united states. we're actually going to take a look at how this has a global impact as well. later, they are ancient fragments of what could be an original copy of the bible. we're going to take a look at the dead sea scrolls. [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums [ male announcer ] as the year counts down, your savings can add up with the adt new year's sale. help protect your family with the advanced technology of adt starting at just $99 -- a savings of $300 plus 15% off accessories. but you must call before midnight january 2nd.
companies and some countries. >> do you plan to stay in washington? >> it depends on what kind of business i can acquire. i have a beautiful wife and i want to spend more time with him and get my golf handicap down to single digits. >> have you thought about the preservation of your papers? what will you do with all that? >> i am sending most of it to indiana university. especially the autism information. i have -- the indiana historical society will get some of my papers. i hope they find a good use for them. >> when you look back over 31 years which went by very quickly, what were the best years? >> oh, gosh, there was good in all of them. the best years from my standpoint was when i was chairman. even the people who work for me said, we felt like we were accomplishing something. we were fighting the good fight. that is one of the things i hold most dear. we were able to put on the gloves, grabbed the sword, and fight for the things we thought was right. >> thank you for spending time with this reflecting back on your ears in washington. -- years in washington. >> we are asking business ow
they don't think they need to put out any kind of formal proposal. let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening off
is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, -- in a long time, at least we will not see head winds. we are making some progress. i see that continue. >> i want to come back to what todd said earlier. i am concerned about confidence being fragile. todd reference what happened until august of 2011. we saw in limited to lie confidence tank. market confidence grew jog with some of the market confidence plunged. i think we have to be concerned -- market confidence plunged. if we look like we are not grappling with these key challenges. what happens on january 1, everybody is saying it is a fiscal clove -- a fiscal slope, not a fiscal cliff. it is not like a zombie accomplice happens. if market confidence was up the window, that could be damaging. >> i think is likely there is going to be a deal, some other deadline for another deal next year. it is really important and they not said a whole series of opportunities to have that kind of collapse again. they have a couple months, but they have to make sure whenever they come up with f
to a whole new level late last night. chief washington correspondent at the state department this morning. what do we know today, james. >> reporter: bill and martha good morning to you. u.s. officials confirm to the fox news pentagon team late last night that the sarin gas in possession of the syrian government has been mixed and is ready for use against the syrian people should the bashar al-assad regime take that deadly des*eufplgt desession. the rebel forces say they have surrounded an air base and they are engaging troops on the road to the damascus airport. the gas is deliverable in several ways but officials here believe it has been placed in fracturable canisters, the kind that can be dropped by planes. here is greta van su van sus string. >> surb sha needs to stanrussia needs to stand up and hopefully they will. some of the arab countries are trying foe find a which to get him out. >> reporter: at this time no u.s. naval assets have been tasked to help with the crisis. the eisenhower andee wha are headed home. bill: there are reports that bashar al-assad will try to seek asylum i
on that as that story develops. back to washington d.c. now and the back and forth over the budget crisis there taking place behind closed doors right now on capitol hill. you have negotiators from both sides trying to hammer out a deal over tax hikes and spending cuts as the clock particulars towards that fiscal cliff deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the
treated with antikanticoagulant. jill dougherty, live in our washington bureau. what are you hearing? >> not a lot. since that statement sunday night, sanjay. they are really saying -- as you said, they are monitoring, and here is the statement so you can listen to exactly what they said. that her doctors are going to continue to assess her condition, including other issues associated with her concussion. because after all this happened as a result they say of that concussion, and they will determine if any further action is required. so it's really, you know, watch, wait, observe, and see how she's doing. this has kind of grown. remember, you know, the flu, then that leads to a conclusion and now this. so they want to be very, very careful, and as you as a doctor, sanjay know, when the secretary travels a lot. the blood clots can be very dangerous for anyone. we don't know where that blood clot is, that could be a very significant issue. in fact, her travel was on hold until the middle of the month. benghazi hearings, she will be many coing back this week. looking forward to work an
with andrew ross sorkin. joe kernen is joining us from washington, d.c. this morning along with john harwood. joe, i know you have a huge lineup there. and i know you were up a little late last night, too, right? >> yes, becky, very late. you and andrew, i hope you guys are ready for the heavy lifting. can i ask you a question? are they over the cliff in new zealand, do you know? >> yeah, i guess that's it. >> the sequester would have gone into effect. >> no, that's probably only affecting us here, but that shows you how close it is. we are -- i guess something could happen at 11:00. we'll see, beck. andrew, good to see you, as well. >> good to see you. >> we've switched. i've got the jacket on, you've got the jacket off. how does that capital building look? >> it looks great behind you. you look very statesman like, absolutely. you have your rise above pin on for this final day. >> he looks like a senator. >> you do have a senatorial look. >> i'm going to retire to the rise above when we start talking about the debt ceiling. we may need a whole new branding campaign. anyway, john harwood is
of some budget economists. i think there would be comfort in washington around 3% of gdp. getting there is a big challenge. there are problems with medicare and social security. they are facing big deficit situations. host: what motivates the creation of deductions? what about the other incentives? mortgage deduction it to encourage people to buy a home. guest: some of the deductions have been around forever, since the invention of the income tax. there has always been a deduction for interest that you paid. the government didn't think it could distinguish between mortgage interest and other kinds of interest. less interest is deductible now. some of the things are left over from the early days of the tax code. there is no magic about allowing people to deduct mortgage interest and not the interest they pay on their credit cards. some of these things are hard to explain. host: does it incentivize home buying? guest: it does provide some if incentive for buying a home and is a large tax break and gives them an enormous benefits. it mostly provides an incentive for buying a bigger h
-- this is a man who really needs no introduction here in washington but has been a great friend to bgov over the years. i would be remiss if i did not give his full official title -- he is the director of federal government affairs at deloitte. please join me in welcoming congressman tom davis. [applause] >> thank you. and most importantly, i left congress undefeated and unindicted. on behalf of deloitte, i want to thank our all-star panel. senator corker, governor pawlenty, congressman van hollen, senator warner, for participating. and of course our all-star moderator, al hunt, giving up his birthday to be here. we appreciate that. this is hopefully the first of many events that deloitte will be partnering with bloomberg government. at deloitte, we are particularly invested in it solving the fiscal cliff. our ceo has met with the president and other ceo's to discuss the impending crisis. we even published their own study on the deficit, copies of which are available here today. we look forward to continuing this conversation, keeping the dialogue on going for the next month is critical if w
has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in
about libya and what assumptions people were making. you know, it seemed like washington, between the the white house and state department, everybody had an idea of what should be done, advocatings on both sides, a ready group of the individuals, the power, and given rise to those looking for an opportunity to implement a responsibility to protect scenario that would succeed so that's a whole, you know, that's a whole section, again, as to what -- how did we come to intervene, and why was that actually a good idea? the next question, of course, is the one that everybody's talking about now, which i'll leave teem for questions, which is where is libya headed next? you know, with regards to what happens this benghazi, i think one needs to take -- regardless of all of the chaos that's happening, step back, go up several thousand feet, and look at the process over a microphone longer period of time. this is, you know, we're still a year into the revolution. nobody really expected -- many libyans expected this is going to be a shorter and more pleasant experience than it has been, and
are making. it seemed like washington, everybody had a different idea of what should be done, and there were advocates on both sides, are ready group of individuals who wanted to up look for an opportunity to implement irresponsible protect some area that would succeed. so that is the whole section. this section again as to the how we came to intervene and why that was actually good idea. the next question, of course, is the one everyone is talking about now on which will leave more for questions. where is libya headed next. you know, i think with regard to what happened in and gusty, it is still -- i think everyone needs to take, regardless of all the chaos that is happening, step back, go up several thousand feet and looked at this process over a much longer not the time. we are still a year into this revolution. no one really expects. the many expected that this was going to be a shorter and more pleasant experience that has been, and there have been confrontations a very rude realities, but at the same time in my trips back to the libya over the last year, i've seen similar remarkable st
descended on washington, no deal precentors went home with a low over 24 hours to go before the huge austerity package known as the fiscal cliff, something almost nobody wants is due to descend on the american economy. >> we will come in at 11:00 tomorrow morning and that further announcements. >> if there's no doubt, the price of failure could be high. the average american, might see their taxes rise by as much as $2,000 a year. as spending cuts take money from the economy, a second american recession becomes a possibility. confidence in america will be shaken. the financial markets may take fright. president obama believes it is time for the wealthiest americans to pay more in taxes. he has made that part of his negotiating position. he criticized republicans for resisting these tax increases. >> they said the biggest party is making sure we deal with the deficit and a serious way. the way they're beating is their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> the republican party ar
deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates for the wealthy or no deal. are you willing to give a little bit? >> the phone call was pleasant but was more of the same. the conversations that the staff had yesterday were more of the same. it's time for the president if he's serious to come back to was a count offer. >> the jobs record indicated unemployment is down roughly a full point from this time last year. if no deal happens -- [inaudible] . why take such a risk when the job numbers are improving. >> because increasing tax rates will hit many small businesses that produc
, washington, d.c., most panels about iran are about the nuclear program. there's almost nothing about human rights. this sends a terrible signal to the iranian public. it means that you care about your own security. you care about the implications of the islamic republic becoming a nuclear-armed state but what happens in iran does not really matter to the washington elite. this is the signal washington has been sending to iran and i think this panel and the initiative to make the human rights issues more important sends the right signal to the iranian public, telling them that you do understand that the government which is restricting its own population can also not be trusted when it comes to its international aspirations. imagine how it would be paid to behave. concerning the role about the revolutionary guards, it has inherited the religious state, something that was discussed by the previous panel. when the ayatollah khomeini was making press -- promises to the iranian people and 1960's and 1970's, he promised the people of iraq and not democracy. he promised them justice in this world
'm a small business owner from washington state, and this campaign does not have our best interests at heart. we need to fix the economy before the debt, you know, because i need customers. i don't need corporate -- [inaudible] trying to steal my medicare money. >> all right. i look forward to visiting afterwards for all of our ohio constituents who are here. where was i? so, thank you. but i do appreciate the opportunity to talk for a moment about tax reform -- >> senator portman, i'd like to make it clear that senior citizens are not -- [inaudible] we cannot -- [inaudible] >> um, as you can see, there's a lot of strong opinions on how we deal with our record deficits and debts, but i think everybody here and certainly the folks i talk to back home agree we have to. and these decisions won't be easy. as maya said, the political process is such that it's controversial, and we're going to hear plenty of opinions, it sounds like, from our panelists just as we have from the audience. >> i want to know what you're going to do to make sure the middle class -- >> let him speak! >> boo! >> middle c
republicans want to solve washington's fiscal cliff dilemma, and what the democrats are saying about it. we'll talk about that, and much more with our special guest this morning, the former british prime minister tony blair is with us. but planes from iran. revolutionary guards showing off what they are claiming to be is a captured american drone. coming up why the pentagon says don't believe it. >>> and baby makes three at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. we're going to go live to london. >> talk about this morning, in addition to tony blair, we're talking to democratic congressman xavier becerra, republican senator ron johnson from the state of wisconsin, also pat houston, whitney houston's sister-in-law and manager and jeopardy champion ken jennings written a new book. it's tuesday, december 4th, "starting point" begins right now. >>> welcome everybody, you're watching "starting point." we're honored this morning to have the former british prime minister tony blair with us as our guest
to washington as often, and i would say, even more often than the alaska members in the house and senate. he made -- they made a point to stop by his office on a regular occasion to talk to him about what has happened in the past, what's going on today, and what they look for in the future. earlier this year, senator inouye was in alaska at my invitation, his last trip to alaska. he told them a memorable story about his support of the trans alaska oil pipeline, which was controversial when he supported it in its construction. now, senator inouye has a unique style of how to tell stories, and you got to just pay attention and listen. they're no very to the point. senator inouye told this story told by opponents of the pipe lynn that it would -- of the pipeline that it would destroy the caribou. this was what he would told over and over again. again in his last trip, he was in front of a group of people, and i was anxious as he started to tawfnlg he said, i have this story tell you. he talked about this time of controversy about the alaska north slope and the oil pipeline and the caribou and w
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